Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Clarius Group LLC

Clarius Group LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,862 shares of the home improvement retailer’s stock after selling 56 shares during the period. Clarius Group LLC’s holdings in Lowe’s Companies were worth $1,447,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Joule Financial LLC lifted its stake in Lowe’s Companies by 19.1% in the fourth quarter. Joule Financial LLC now owns 1,015 shares of the home improvement retailer’s stock valued at $251,000 after buying an additional 163 shares during the last quarter. Aaron Wealth Advisors LLC raised its position in Lowe’s Companies by 10.6% in the 4th quarter. Aaron Wealth Advisors LLC now owns 5,219 shares of the home improvement retailer’s stock valued at $1,288,000 after purchasing an additional 499 shares during the last quarter. Sandy Cove Advisors LLC boosted its stake in Lowe’s Companies by 9.4% during the 4th quarter. Sandy Cove Advisors LLC now owns 987 shares of the home improvement retailer’s stock worth $244,000 after purchasing an additional 85 shares during the period. Moss Adams Wealth Advisors LLC grew its position in Lowe’s Companies by 11.0% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,792 shares of the home improvement retailer’s stock worth $442,000 after purchasing an additional 178 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. increased its stake in Lowe’s Companies by 3.0% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 5,821 shares of the home improvement retailer’s stock valued at $1,462,000 after purchasing an additional 172 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Up 1.0 %

Shares of LOW opened at $261.39 on Friday. The company has a 50-day moving average of $260.10 and a two-hundred day moving average of $254.31. The stock has a market cap of $147.59 billion, a P/E ratio of 21.80, a PEG ratio of 2.08 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $209.55 and a 12-month high of $287.01.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, January 22nd. Lowe’s Companies’s payout ratio is currently 38.37%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. TD Cowen lifted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Melius Research started coverage on Lowe’s Companies in a report on Monday, September 23rd. They issued a “buy” rating and a $290.00 target price on the stock. Sanford C. Bernstein increased their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Evercore ISI boosted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $280.85.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total value of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by insiders.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.